Bank of Nova Scotia (TSE:BNS) Upgraded by TD Securities to Strong-Buy Rating

TD Securities upgraded shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) from a hold rating to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Canadian Imperial Bank of Commerce boosted their price target on Bank of Nova Scotia from C$122.00 to C$136.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. Desjardins raised their price target on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods set a C$148.00 price objective on shares of Bank of Nova Scotia and gave the company a “moderate buy” rating in a report on Friday, August 21st. Raymond James Financial lifted their price target on shares of Bank of Nova Scotia from C$121.00 to C$137.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, National Bank Financial set a C$128.00 price objective on Bank of Nova Scotia and gave the stock a “sector perform” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Bank of Nova Scotia has a consensus rating of “Hold” and a consensus target price of C$121.64.

Bank of Nova Scotia Stock Performance

Shares of TSE BNS opened at C$128.73 on Tuesday. Bank of Nova Scotia has a 52 week low of C$81.44 and a 52 week high of C$129.25. The stock has a market capitalization of C$156.93 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The stock has a 50 day moving average price of C$123.36 and a 200 day moving average price of C$110.70.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings data on Tuesday, August 25th. The bank reported C$2.28 earnings per share for the quarter. The company had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. As a group, research analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th were paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Tuesday, July 7th. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10. Bank of Nova Scotia’s dividend payout ratio is 60.69%.

Bank of Nova Scotia Company Profile

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: ‘for every future,’ we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).